BHP: World’s largest miner reports profit slump due to ‘uneven’ China recovery Commodities "In the near term, we expect volatility in global commodity markets," BHP said.
Glencore: FTSE 100 mining giant opts against coal spin-off after investor feedback Commodities Glencore no longer plans to demerge its coal business after an “overwhelming majority” of shareholders told the mining giant to retain the division. The FTSE 100 constituent had planned to spin off its coal business after it completed the $7bn (£5.51bn) acquisition of Teck Resources’ steelmaking coal business in November last year. However, on Wednesday, [...]
Rio Tinto chief rejects calls to drop London Stock Exchange listing to focus on Australia Markets The world's second biggest miner holds a dual-listing on the London and Sydney Stock Exchanges, but has faced calls from investors to prioritise Australia.
Rio Tinto profit edges higher as miner eyes copper takeover July 31, 2024 Rio Tinto's profit edged up 1.8 per cent during the first half of the year, as the miner has begun to eye a takeover in the copper space.
Top shareholder says Anglo should close ‘unfeasible’ Yorkshire mine July 28, 2024 One of Anglo America's top investors has called for the London-listed miner to mothball its flagship fertiliser mine in North Yorkshire because it won't provide a good enough return on investment.
Anglo American: Slowdown at Yorkshire site causes hefty write down July 25, 2024 A set back in one of its Yorkshire crop nutrients facilities dragged on Anglo American's first set of results since shrugging a off a takeover attempt from Australian rivazl BHP.
Fresnillo: ‘steady’ performance allows miner to maintain guidance July 24, 2024 Bumper lead and zinc output and improved access to higher grade areas has helped Mexican miner Fresnillo to maintain its full year guidance despite poor weather being a drag on the much of the area's mining sector.
Amplats: will the precious metal miner bring touch of sparkle to City? July 24, 2024 Ever since shrugging off repeated bids from rival Australian miner BHP, Anglo American has been promising shareholders a major restructuring. The FTSE 100 mining giant pledged to deliver a “radically simplified” portfolio that would focus on its core mining divisions, copper, premium iron ore and crop nutrients. The sweeping restructuring, which was a condition of [...]
Antofagasta: Output at FTSE 100 mining giant to disappoint July 17, 2024 Output at the Chilean mining conglomerate Antofagasta is likely to come in at the lower end of the firm's guidance in its full year results, the firm has said, despite copper production rising by 20 per cent between April and the end of June.
Ferrexpo posts ‘best performance’ since start of Ukraine war July 8, 2024 London-listed Ferrexpo, a mining firm that operates out of Ukraine, has posted its best production figures since Russia's invasion in February 2022.